Corner Duplex with Retail
For Sale
$269,999
433 W Somerset Street, Philadelphia, PA 19133
CMX-1 corner property with renovated commercial space and a rented two-bedroom apartment.
Property Size1,060 SF
Price / SF$254.72
Days on Market167
Property Features for 433 W Somerset Street
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Multi-Family
Zoning
CMX1
Taxes and HOA fees
Annual Taxes
$813
Amenities
central air
Other
Yes
Electric
Estimated
No Pool
Public
S30
14.00 x 55.00
0.02
No
On Street
11620.00
Building Details
Building Size
1,060 SF
Year Built
1920
Listing Agency:
KW Empower
(856) 222-0077
Listed By:
Francis Brennan
Source:
Thetristaterealestategroup
Added: Mar 24
Changed: Sep 5
Last Checked: Sep 6 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
This CMX-1 corner duplex combines a renovated commercial space with a residential unit. The commercial area has been fully renovated and includes central air, creating a move-in-ready setup for an owner-occupant or a tenant. The residential component is a well-maintained two-bedroom, one-bath apartment.
The apartment is currently rented on a month-to-month lease at $1,100. The property is near a school and is surrounded by active neighborhood activity, supporting consistent day-to-day presence.
Overall, the layout provides flexibility for mixed-use operation, with both income-producing residential space and an independently usable commercial component.
The apartment is currently rented on a month-to-month lease at $1,100. The property is near a school and is surrounded by active neighborhood activity, supporting consistent day-to-day presence.
Overall, the layout provides flexibility for mixed-use operation, with both income-producing residential space and an independently usable commercial component.
Key Highlights
- CMX‑1 zoned corner duplex at 433 W Somerset St with both commercial and residential space
- Commercial space has been fully renovated and includes central air
- Residential unit is a 2‑bedroom, 1‑bath apartment on a month‑to‑month lease at $1,100
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,780
$361.8K
Cap Rate 7%
$258,414
$258.4K
Cap Rate 9%
$200,989
$201.0K
Market Conditions
NOI Build-Up for 1,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.3K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.8K $24.38/SF
− OpEx
−$7.8K −$7.31/SF
NOI
$18.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,780
Cap Rate 7%
$258,414
Cap Rate 9%
$200,989
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,089 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,673 @ 7.0% cap · market cap 6.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - CMX-1 corner property with renovated commercial space and a rented two-bedroom apartment.
Where is this duplex located?
The property is located at 433 W Somerset Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: CMX‑1 zoned corner duplex at 433 W Somerset St with both commercial and residential space; Commercial space has been fully renovated and includes central air; Residential unit is a 2‑bedroom, 1‑bath apartment on a month‑to‑month lease at $1,100
